NOT LISTED FOR SALE

2249 Old Ferrum Rd Ferrum, VA 24088

Estimated Value: $190,301 - $246,000

3 Beds
1 Bath
984 Sq Ft
$220/Sq Ft Est. Value

Last Sold October 18, 2013

Last sale price $14,000 $14 Per Sq Ft

Est. 1,445% increase in value since last sale

Current estimated payment $1,182/month

44 Days on Market

Highlights

  • Ranch Style House
  • Front Porch
  • Shed
  • No HOA

About This Home

As of October 2013

Investor Alert. House needs work. Would be a good rental for the college or resale. Nice and private. Freddie Mac First Look, Owner occupants 1st 15 days - 8/11/13 - 8/26/13, Investors 8/27/13.

Last Agent to Sell the Property

Bill Kern

MKB, REALTORS(r) License #0225074357 Listed on: 08/11/2013

Last Buyer's Agent

Bill Kern

MKB, REALTORS(r) License #0225074357 Listed on: 08/11/2013

Property Details

Home Type

  • Manufactured Home

Year Built

  • Built in 1970

Lot Details

  • 1 Acre Lot

Home Design

  • Single Family Detached Home
  • Manufactured Home
  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • 984 Sq Ft Home
  • Insulated Doors
  • Laundry on main level

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 4 Open Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Shed
  • Front Porch

Schools

  • Ferrum Elementary School
  • Ben Franklin Middle School
  • Franklin County High School

Utilities

  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • REO, home is currently bank or lender owned

Property Details

Home Type

Manufactured Home

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Heating System: Heat Pump Electric
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Full
  • Cooling System: Heat Pump Electric
  • Outside Features: Storage Shed
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 3
  • EntryAboveGrdFin Sq Ft: 984.00
  • ExteriorDoors: Insulated, Wood
  • LaundryLaundryLowerLevel: 1
  • Major Area: 04 - Franklin County
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • REOProperties: REO
  • Residential Type: Detached
  • Style Of House: Ranch
  • Total Above Grd Fin S Q F T: 984
  • TotalBdrm: 3
  • TotalBths: 1.00
  • TotalFBaths: 1
  • Total Finished Sq Ft: 984.00
  • TotalUnfin Sq Ft: 984.00
  • UncoveredNumberSpaces: 4.00
  • Uncovered Parking: Off Street Parking
  • Unfinished Attached S Q F T Lower S Q F T Unfin Old: 984.00
  • Water Class: N/A
  • Water Htr Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MobileManufactured
  • Stories: 1

Interior Features

  • Basement YN: Yes

Exterior Features

  • Porch: Front Porch, Side Porch

Utilities

  • Sewer Description: PrivSept-permit unkn
  • Water Description: Private Well
  • Water Heater Type: Tank

Lot Info

  • Lot Description: Varied
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 1.00

Building Info

  • Year Built: 1970

Tax Info

  • Taxes (6 mo): 403.92

MLS Schools

  • Elementary School: Ferrum
  • HighSchool: Franklin County
  • Middle School: Ben Franklin Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 10, 2025
Sold by
Galt Properties Llc
Bought by
Act 3Squared Llp
Current Estimated Value
$216,325

Purchase Details

Closed on
Sep 23, 2024
Sold by
Act 3Squared Llp
Bought by
Galt Properties Llc

Purchase Details

Closed on
Dec 21, 2022
Sold by
Galt Properties Llc
Bought by
Act 3Squared Llp

Purchase Details

Closed on
Apr 26, 2017
Sold by
Southern Estates Llc
Bought by
Galt Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.14%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 2, 2017
Sold by
Star City Investments Llc
Bought by
Southern Estates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
4.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 15, 2014
Sold by
Southwood Management Inc
Bought by
Star City Investments Llc

Purchase Details

Listed on
Aug 11, 2013
Closed on
Oct 4, 2013
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Southwood Management Inc
Seller's Agent
Bill Kern
MKB, REALTORS(r)
Buyer's Agent
Bill Kern
MKB, REALTORS(r)
List Price
$19,900
Sold Price
$14,000
Premium/Discount to List
-$5,900
-29.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.04%

Purchase Details

Closed on
Jul 10, 2013
Sold by
Barrett Brenda K and Mcdade James A
Bought by
Federal Home Loan Mortgage Corporation
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Act 3Squared Llp -- None Listed On Document
Act 3Squared Llp -- None Listed On Document
Galt Properties Llc -- None Listed On Document
Galt Properties Llc -- None Listed On Document
Act 3Squared Llp -- --
Galt Properties Llc -- First American Title Insuran
Southern Estates Llc $100,000 First American Title Ins
Star City Investments Llc $12,800 First American Title Ins
Southwood Management Inc $14,000 First American Title
Federal Home Loan Mortgage Corporation $37,200 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Galt Properties Llc $250,000
Previous Owner Southern Estates Llc $20,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2013 10/18/13 Sold $14,000 -29.6% $14 / Sq Ft
09/24/2013 09/24/13 Pending -- -- --
08/11/2013 08/11/13 For Sale $19,900 -- $20 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $608 $141,400 $26,000 $115,400
2024 $608 $141,400 $26,000 $115,400
2023 $481 $78,800 $19,000 $59,800
2022 $379 $78,800 $19,000 $59,800
2021 $481 $78,800 $19,000 $59,800
2020 $481 $78,800 $19,000 $59,800
2019 $438 $71,800 $19,000 $52,800
2018 $438 $71,800 $19,000 $52,800
2017 $395 $74,800 $19,000 $55,800
2016 $395 $74,800 $19,000 $55,800
2015 $404 $74,800 $19,000 $55,800
2014 $404 $74,800 $19,000 $55,800
2013 $404 $74,800 $19,000 $55,800
Source: Public Records

Agents Affiliated with this Home

  • Bill Kern

    Seller's Agent in 2013

    Bill Kern

    MKB, REALTORS(r)

    (540) 312-4663

    77 Total Sales

    Bill Kern
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 795816

Roanoke Valley Association of REALTORS®

APN: 0810000400

Virginia Franklin County Ferrum 24088

2249 Old Ferrum Rd, Ferrum, VA

Not Listed for Sale

Mobile Manufactured

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